Market Insights: Australia's Flexible Office Space Market Report - Q3 2024
As the pandemic has shifted in-person work for good, coworking and flexible offices have become a crucial part of businesses return-to-work strategy.
However, many people remain unaware of the many benefits that these flexible spaces provide. Here are five of the most common myths about coworking.
The future of work now depends on having more flexible options. Coworking solutions provide this flexibility, allowing companies to reduce their budgets, meet their employees' needs, or create a better company culture. Self-employed individuals can also find the right fit in a coworking solution that gives them another place to work outside the home.
There are many misconceptions about coworking solutions, whether they be about who can use them, how they work, or their advantages. Fortunately, the flexibility inherent in these spaces means they don’t have many cons. They can be catered to meet the needs of businesses with teams of 1 to 100 or more.
The tech startup world may have been one of the first industries to introduce open concepts and shared working space. So it’s easy for people to assume that coworking is used only by these young companies.
However, a range of professionals and businesses of all sizes now take advantage of coworking. With enterprise offices available in premium coworking spaces, businesses can take an office perfect for teams of 50 to 300. These spaces are also completely customisable and offer ultimate flexibility when it comes to rental terms. Companies such as Salesforce, Starbucks, Microsoft, Facebook, and Bank of America are just some of the big names that are utilising coworking spaces.
Many people may shy away from coworking spaces because they think they’re full of commotion and energy. They’re afraid they’ll be distracted by other people and not get any work done. It’s easy to see why — coworking spaces may have stations to get coffee and snacks and an open concept, where people can chat.
However, with so many Coworking Operators each offering their own unique amenities and services, there are many premium offerings suited to professionals from all industries. Whether you need a corporate setting with a quiet atmosphere, or a buzzing office to help fuel creativity, there is an option for you.
Coworking is not all open-concept workspaces with no privacy. There are premium, fully-equipped meeting rooms, quiet zones, phone booths, and private offices.
Even if you have a dedicated coworking desk, if you need to take a private phone call, you can head to a phone booth or book a private meeting room. We found throughout the pandemic that parents would often book a coworking desk for the day, giving them more privacy than they would have had at home!
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Many people falsely believe that coworking spaces aren’t as nice as a regular leased office. But the truth is, that some of Australia's top coworking operators have locations in beautiful buildings with first-class facilities.
Today's coworking spaces have thoughtfully designed layouts, architecturally designed workspaces, modern end-of-trip facilities, and inclusive membership benefits. In prime locations in central CBD's or outer city suburbs, you'll be centrally located and well-connected to all forms of transport and parking options. Premium locations at much more affordable prices when compared with leased options.
Larger businesses may think that coworking spaces don’t have space for growing teams. However, one of the top benefits of a coworking space is the flexible terms with discounts on 3, 6 or 12-month leases. This is perfect for teams who need to upscale or downscale at a moment's notice.
Additionally, most coworking operators have enterprise office solutions perfect for businesses looking for a new HQ or needing space for a project. Whether you need internal meeting rooms, manager offices, phone booths, a bean bag brainstorming corner, or just a casual lunch space, anything is possible.
As specialist brokers in the flexible office market, Rubberdesk is across all the options, offers and availability. We have real time pricing for thousands of spaces listed by hundreds of providers to help find your next office.
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